Estate agents and developers selling the most energy efficient new-build homes in Wales to first time buyers will get a boost in June when ground-breaking new rules favour greener homes under the country’s Help to Buy scheme.The Welsh government has revealed that it is to offer home buyers using Help to Buy better finance options depending on the energy efficiency of the property they buy, the first time this has been attempted in the UK.The logic is that the less a property costs to run, the more young people trying to get on the property ladder – who make up 75% of all applicants in Wales – should be able to borrow via the equity-loan based scheme.“We have worked closely with the Building Research Establishment on the project which modelled this work, and we are the first government, indeed the first organisation in the UK to put this into practice,” says Welsh Housing and Regeneration Minister Rebecca Evans (pictured, left).“Whilst there is no obligation on mortgage lenders to change existing practices or their own affordability assessments, we hope to see them follow our lead and make energy efficiency part of the mortgage consideration for all home-buyers in Wales.”The new scheme will begin in June and will affect the 1,700 properties that are bought via Help to Buy in Wales every year and worth some £1.2 billion.“We know that energy spending can be a major household outgoing, which is why we want to make energy efficiency part of the consideration when people look to buy a home in Wales,” says Rebecca.Read more about Help to Buy in the UK. help to buy rebecca evans Wales welsh Welsh Government first-time buyers May 9, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » Wales launches ground-breaking green scheme for Help to Buy previous nextHousing MarketWales launches ground-breaking green scheme for Help to BuyScheme will now vary the deals it offers those buying a home through Help to Buy in Wales depending on how eco-friendly the property is.Nigel Lewis9th May 201801,254 Views
Show Closed This production ended its run on Jan. 4, 2015 View Comments Related Shows Cinderella Keke Palmer is moving to the Cinderella kingdom! The small screen star and talk show host will show off some seriously gorgeous Tony-winning costumes by William Ivey Long beginning September 9, but before she takes on the role of Ella in the new production, she’s looking glam in the pages of Vanity Fair! “I still don’t believe it’s real,” she said of her new Broadway gig. “Seeing that many people in the audience…that’s what excites [me] and gets me pumped.” We’re pumped too, Keke! Check out her beautiful summer look in this photo by Claiborne Swanson Frank, then see her step into Cinderella’s glass slippers this fall.